India | Egypt Oil & Gas - Part 7

Saudi Arabia to Raise Oil Shipments to India

Saudi Arabia may recover part of its previous market share on the Indian market, especially after the US sanctions on Iran.

Iran, India Hold Oil Trade Talks

India was the second biggest importer of Iranian oil after China before the US sanctions more than halved Iran's oil exports to 1 million barrels per day (b/d).

India’s Imports from Iran Drop by 57% YOY in April

India has shipped around 277,600 barrels per day (b/d) in April, dropping by 31.5% from March.

India Halts Buying Iranian Oil, Awaits US Decision

Indian refineries have postponed their May orders for Iranian oil, waiting for a decision on whether the US will extend their waiver from the sanctions.

India to Lease Padur Storage Facility to ADNOC

India will lease half of its southern Padur oil storage site to Abu Dhabi National Oil Company (ADNOC).

US to Give Eight Nations Oil Waivers for Iran Sanctions

The US has granted eight Iranian oil importers temporary waivers from the sanctions set to be imposed upon the country’s energy sector on November 5.

Egypt to Start Operating Sudanese Electricity Link by 2018 End

Egypt is expected to begin operating the 100-MW first phase of the electricity link with Sudan by the end of this year, according to government sources.

ADNOC to Contribute to Mangalore Oil Reserves in November

The Abu Dhabi National Oil Company is planning to fill up storage tanks contracted from the Indian government in the first week of November.

ADNOC Builds Crude Storage Facility in Fujairah Mountains

Abu Dhabi National Oil Company (ADNOC) is constructing a crude oil storage facility under the Fujairah mountains in the UAE.

Saudi Arabia to Cover Iranian India Supply Losses in November

Saudi Arabia is preparing to export an additional 4 million barrels of crude to India in November.

Page 7 of 19

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